Final Thoughts
May 9, 2023
Written by Michael Cowden
A much-anticipated bleeding in US flat-rolled steel prices has begun. On the hot-rolled coil side, we’ve been losing approximately $20-25 per ton per week since mid-April.
That’s a boo-boo. Steel might need a Band-Aid. Does it become a wound that needs a tourniquet?
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I was in Las Vegas last week for ISRI’s annual convention. I like Vegas. I’ve had some fun there over the years. (I was married there nearly 20 years ago. We’re still together.) And last week was no exception. So let’s start with the big news from Sin City. When the recycled materials industry meets […]
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I’m excited to see pretty much the entire steel industry this week in Atlanta. I’m looking forward to the networking and to learning from our great lineup of speakers. I also what not draw your attention to some highlights from our latest steel market survey. (Full results are here.) Some of these topics will be discussed along the sidelines as well as up on the stage.
I am happy to announce that there are officially now more than 1,400 people attending SMU Steel Summit next week in Atlanta. That’s a new record for us, and I thank all of you for making it possible. I am also happy to say that Barry Zekelman, executive chairman and CEO of Zekelman Industries, will be joining us for the first fireside chat of Steel Summit on Monday, Aug. 21, at 3:40 pm ET.